Page 63 - Demo

جميع الحقوق محفوظة ـ اإلعتداء عىل حق املؤلف 63 بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية Sales Returns and Allowances TransactionSales R&A Accounts receivable 6. Processing and recording sales returns and allowances  Credit memo  Sales and returns and allowances journal Write-off of Uncollectible Accounts TransactionAllowance for uncollectible accounts (AFDA) Accounts receivable 7. Writing off Uncollectible Accounts receivable  Uncollectible account authorization form  General journal Bad debt expense transactionsBad debt expense Allowance for uncollectible Accounts 8. Estimate Bad debt Expense  General Journal 1. Processing customer orders:A customer`s request for goods initiates the cycle. Legally it is un offer to buy goods under specified terms. The receipt of a customer order results in immediate creation of sales order a. Customer order: a request of merchandise by a customer, received via telephone, letter or printed form b. Sales Order: a document for communicating the description, quantity and related information for goods ordered by a customer in the company`s format 2. Granting credit:Before goods are shipped, credit departments must approve credit to customer for sales on account. An indication of credit approval on sales order often serves as the approval to ship goods. For cash sales approval of sales department is sufficient. 3. Shipping goods:The shipping department is responsible for custody of goods a. Shipping documents: Is prepared to initiate shipping of goods, indicating the description of merchandise, the quantity of shipped and other relevant data.